ForexTime review – honest broker or scam?

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FXTM review

ForexTime (FXTM), which was founded in 2012 by Andrey Dashin (also the co-founder of the forex broker Alpari) is one of the newest forex brokers online. In this short time, broker has gain big reputation by wining many awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker” in the industry. One of the reasons for ForexTime’s success is in delivering first class service to their traders. FXTM is based in Cyprus and is regulated by the Cyprus Securities Exchange Commission (CYSEC) with the license number: 185/12 and by British FCA. Broker is also MiFID compliant, so is authorized to accept traders from all EU countries.

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Trading Platforms

Traders at ForexTime can choose between MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms, which are available as online version as well as donwnloadable versions. FXTM also offer traders to trade mobile with mobile versions of MT4 and MT5 for smartphones. Professional traders, who want the best spreads, can also choose between ECN MT4 or ECN MT5 trading platforms to trade with. ForexTime also provide their costumers with plenty of trading accounts. The trading accounts are categorized into Standard and ECN accounts.  All client’s funds are deposited in segregated accounts in biggest EU banks like Barclay’s and Credit Suisse. ForexTime aslo offers all traders big leverage of up to 1:1000 and tight spreads from 0.1. Traders can trade with more than 100 trading instruments. Broker also provides many education tools, which assisting traders to improve their trading strategies through online FOREX courses & articles and webinars.

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PAMM Investor Accounts

The broker offers their investors to open PAMM Investor accounts to have their funds managed by one of their approved strategy providers and allows you to simply leave your funds in the hands of an expirienced trader who has passed the broker’s checking procedure. This can be an attractive option for all, who don’t want trade themselves.

Deposit and withdraw

At FXTM there is no minimum depsit requiered, so you can start trading with any amount you want. There are many deposit / withdraw options including: credit and debit cards, bank transfer, Neteller, Skrill and also many other local payment options.

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Customer Support

Borker’s costumer support can be reached through email, live chat, Skype or the telephone. They also offer multi-lingual personal accounts managers.

Conclusion

FXTM offer its traders one of the best trading expirience in industry, they can get. Their dedicated support team, which are there to assist you with any problems you have. Their CySEC and MFiD regulations ensure that your money is in safe hands.

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Mobile App iOs and Android
Min. Deposit $1 / 1€ /£1
Min. forex lot size 0.0001 lot
1:1000
Trading platforms MetaTrader 4 and 5
Payment methods
  • Credit Card
  • Bank Wire
  • Skrill
  • Neteller
  • OKPay
Max. Spread 0.7 pips
Languages 16
Regulation
Company name

Forextime Ltd